From now through July 31st you’ll earn 30,000 AA miles for every 20,000 Starpoints transferred. Normally you would earn 25,000 miles for a 20,000 Starpoint transfer.
You can transfer up to 60K Starpoints per day to maximize the bonus (which would earn 90K AA miles per day).
No, this isn’t like 2010 when 20K Starpoints became 33,750 AA miles and those miles counted towards lifetime AA elite status. And AA still allowed free stopovers and had a killer OneWorld round-the-world award chart. No, those days are long gone and are never coming back. But take what you can get.
Note that AA is notorious in zealously shutting people’s account down if there’s even a suspicion that miles in it were sold or bartered. They also shut down people’s account without warning or appeal for manufacturing signup bonus threshold spend on their credit cards by dabbling in refundable tickets like some unscrupulous brokers are known to do to unsuspecting prey.
American’s award chart is by far the most generous out there, and it will be hit with a major devaluation in early 2015 when their program is merged with USAirways.
In the meantime there are some great values to be had, like 55K in business or 67.5K in first on Cathay Pacific one-way to/from Hong Kong.
-You can fly nonstop on El Al to Israel for 45K coach or 67.5K business.
-Between 10/15-05/15 you can fly to Israel with a free stopover in Europe for 40K in coach.
-Between 10/15-05/15 you can fly to Europe for just 20K in coach each way.
-Between 03/01-05/31 and 08/16-11/30 you can fly to South America for just 20K in coach.
-Between 01/12-03/08 and 08/22-12/15 you can fly to Hawaii for just 17.5K in coach.
-Between 10/01-04/30 you can fly to Japan or Korea for just 25K in coach.
-A flight between Tel Aviv and the Maldives is just 17.5K coach, 25K business, 35K first.
-A flight between Tel Aviv and Thailand or Hong Kong is just 22.5K coach, 30K business, 40K first.
-A flight between Tel Aviv and Australia is just 30K coach, 45K business, 60K first.
There are only major fuel surcharges for flying on British Airways, but there are plenty of other partners to choose from to avoid them.